Banking

The World Bank’s Board of Executive Directors approved a $400m development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to support the shift…
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Egypt’s net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a decline that lasted nearly a year except its raise in July, Central Bank of Egypt’s (CBE)…
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Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced that Hussein Abaza, the Bank’s CEO and Managing Director, has been chosen to join the Glasgow Financial Alliance…
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President Abdel-Fattah El-Sisi has ordered the government and the Central Bank of Egypt (CBE) to formulate new initiatives to attract foreign investments into the country.
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Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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In its meeting today, the Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged…
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The Central Bank of Egypt (CBE) has relaxed restrictions on the use of foreign currencies for imports in a bid to ease the buildup of goods at ports, according to a document circulating among banks.
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South Africa’s Nomanini fintech plans to Expand in Ghana, Zimbabwe and Egypt, starting with Zimbabwe and Ghana to take place this year, CEO Vahid Monadjem tells The Africa Report.
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